New Zealand firm Todd Energy has been selected as the preferred lead contractor to drill New Zealand’s first exploratory superdeep, superhot geothermal well, which – if successful – could bring about a step change in New Zealand’s energy supply.
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Superhot geothermal preferred contractor named
The New Zealand Companies Office is encouraging incorporated societies not yet reregistered under the Incorporated Societies Act 2022 to take action now ahead of the Easter Sunday deadline on 5 April 2026.
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Better protections available for Incorporated Societies under new Act
Economic growth is key to raising living standards, creating higher-paying jobs, and delivering the vital public services New Zealanders want and deserve.
The Government’s goal is to increase living standards and opportunities for all New Zealanders.
The Register of Participants is the official list of companies included in the Consumer Data Right (CDR) framework, under the Customer and Product Data Act 2025. The Ministry of Business, Innovation and Employment (MBIE) manages and updates the register as the CDR Regulator.
Global trade and investment are essential for New Zealand to maximise its potential and for New Zealanders to enjoy higher incomes and better public services.
New Zealand’s economy is export-oriented, with the food and fibre sectors and tourism significantly contributing to foreign currency earnings.
New Zealand has a flexible labour market, high rates of employment, relatively open borders and, historically, a well-performing education system. However, the country faces significant challenges: school achievement and attendance are dropping in comparison with countries New Zealand competes with, and we face challenges in attracting, training and retaining talent.
Well-planned infrastructure supports the efficient and sustainable movement of people, goods, and information, and facilitates trade and investment while also improving living standards. It is an essential ingredient to enable and drive economic growth. According to the International Monetary Fund, closing New Zealand’s infrastructure gap could increase real GDP by as much as 0.8 per cent in the long term.
Updated 4 November 2025
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